Finance News: Latest Financial News, Finance News today in Bangladesh

KL in talks with Bangladesh, other countries on hiring workers

The Malaysian government is discussing with several countries to sign memorandum of understanding (MoU) on the entry of foreign workers to the Southeast Asian country.Malaysian Human Resource Minister M. Kula Segaran disclosed the decision on MoU taken by Dr. Mahathir Mohamad's government in Ipoh of Perak state on Sunday.He was...

GE wins order to develop 600MW power plant at Meghnaghat

GE Power announced on Monday that local Unique Group selected the company to develop a 600-megawatt (MW) natural gas-based combined cycle power plant at Meghnaghat near the capital.Unique Meghnaghat Power Limited (UMPL) will be executing the project. The power plant will produce power equivalent to the electricity needed to supply...

Move to tap maritime resources for development of coastal areas

The government has moved to tap maritime resources for the economic development of the country's coastal areas, officials said. The ministry of fisheries and livestock (MoFL) and the Bangladesh Water Development Board (BWDB) are now jointly working to prepare an action plan to this end.According to the plan, some 19...

BIFFL expo begins in Ctg Oct 5

CHATTOGRAM, Oct 1: The Bangladesh Infrastructure Finance Fund Ltd. (BIFFL), a non-banking financial institution under the Ministry of Finance, will hold a three-day 'BIFFL Green & PPP Convention and Expo' in the port city from October 5.The event will focus on energy-efficient project funding and raising awareness about environment. The...

BASIS to celebrate 20th anniversary

The Bangladesh Association of Software and Information Services (BASIS) has taken up gala programmes to celebrate the 20th founding anniversary of its journey.The grand celebrations will kick off with the 'Youth Fest Amphitheatre' at Hatirjheel in the city on October 6.Former BASIS president Habibullah N Karim announced the programmes at...

IGLOO ‘most trusted global brand’

IGLOO Ice Cream, produced by Abdul Monem Ltd., a leading conglomerate of the country, has been selected to win the 'Most Trusted Global Brands Award 2018' under the category of Rising Brands.Most Trusted Global Brands is a research based listing of remarkable brands that have the power to create business...

Walton's glass door unit opens

Commerce Minister Tofail Ahmed formally inaugurated the glass door manufacturing unit of Walton at the Walton Hi-Tech Industries Limited(WHIL) in Chandra, Gazipur on Sunday, reports UNB.At the opening ceremony, the minister appreciated the diverse manufacturing units, processes as well as sound working environment at the WHIL, said a press release...

Participants and officials of Midland Bank

Participants and officials of Midland Bank posing at a five-day Foundation Training Programme held at the training institute of the bank at Gulshan in the city recently

Sajjad Hussain inaugurating an agent banking outlet

Deputy Managing Director of AB Bank Sajjad Hussain inaugurating an agent banking outlet at Kuliarchar Bazar, Kishoreganj, recently

Md Mehmood Husain inaugurating agent outlet

Managing Director & CEO of NRB Bank Limited Md Mehmood Husain inaugurating the fourth agent outlet of the bank at Golora Bazar, Saturia, Manikganj, recently

Bangladesh Commerce Bank opens foreign exchange branch

Chairman of the Board of Directors of Bangladesh Commerce Bank Ltd Engr Rashid Ahmed Chowdhury, Chairman of its Executive Committee Humayun Bokhteyar, Managing Director (Current Charge) Zafar Alam and others seen while inaugurating the bank's foreign exchange branch at Fokirapul in the city on Sunday

Whip of Parliament Solaiman Haque Joarder inaugurating Sonali Bank's 1214th branch

Whip of Parliament Solaiman Haque Joarder inaugurating Sonali Bank's 1214th branch at a ceremony in Chuadanga recently with Chief Executive Officer (CEO) and Managing Director of the bank Md. Obayed Ullah Al Masud present

China to lower tariffs on 1,585 taxable items

BEIJING, Oct 01 (Xinhua): Starting from Nov 01 this year, China will slash most-favored-nation tariffs on a total of 1,585 taxable items as the country moves to further open its market, an official statement said on Sunday.The average tariff rate will be reduced from 10.5 per cent to 7.8 per...

Australian economy 'strong' despite high household debt

CANBERRA, Oct 01 (Xinhua): Australia's Treasurer Josh Frydenberg has played down concerns about the nation's rising household debts, saying the heaviest burdens are on those that can carry them.Date from the Reserve Bank of Australia (RBA) revealed that the value of mortgages grew 5 percent to 1.19 trillion Australian dollars...

Pakistan govt seeks FDI to boost industrial activities

ISLAMABAD, Oct 01 (Xinhua): The Pakistani government will provide protection to local industry and take necessary measures to reinvigorate all industrial sectors and ensure export-led growth by seeking foreign direct investment (FDI), said Abdul Razak Dawood, adviser to Pakistani prime minister on commerce, industry and investment, on Sunday.Local Urdu TV...